Nvidia (NVDA) posted better-than-expected second-quarter revenue of $46.7 billion, a 56% increase from a year earlier, underscoring its central role in the AI boom as demand for high-performance processors remains strong.
Despite the strong results, Nvidia shares fell 1.7% in after-hours trading, partly due to slightly softer-than-anticipated data center revenue of $41.1 billion versus analyst expectations of $41.29 billion.
Cryptocurrencies showed minimal movement following the report. AI-focused tokens such as Internet Computer (ICP $5.12), NEAR Protocol, and Bittensor (TAO $334.82) traded roughly flat, while Bitcoin (BTC $112,905), Ether (ETH), and XRP ($2.995) briefly dipped but quickly recovered, ending near prior levels.
Wall Street analysts are monitoring Nvidia’s comments closely for insights on chip demand from hyperscalers like Microsoft, Meta, and Amazon and updates on advanced chip development for China, where U.S. export restrictions limit sales.
The company will host its earnings call at 5 p.m. ET, with executives addressing analyst questions.
